Level Global Investors LP co-founder Anthony Chiasson, convicted of an insider-trading scheme that reaped $72m, asked a judge to give him less time in prison than the 13-year term called for by U.S. sentencing guidelines.
Bloomberg reports that lawyers for Chiasson, 39, called such a sentence 'draconian' in a, April 29 court filing. They urged U.S. District Judge Richard Sullivan in Manhattan to impose an unspecified shorter prison term, saying the alleged crimes were“aberrant” and that Chiasson has led an 'exemplary life'.
Defense lawyers Greg Morvillo and Reed Weingarten cited Chiasson’s charitable work, including his effort to save his Catholic Jesuit high school in Portland, Maine, from closure, the creation of a scholarship program for his alma mater, Babson College, and his contributions to the Robin Hood Foundation and the Michael J. Fox Foundation.
“Anthony Chiasson is an extraordinary man,” Morvillo and Weingarten said in a memo to Sullivan. “But for the conduct that brings him before the court, Anthony has led an exemplary life.”
Chiasson, who began his career on Wall Street at Solomon Brothers and left SAC Capital Advisors LP to start the hedge fund, is scheduled to be sentenced May 13.
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